RED BANK, N.J., May 18, 2011 /PRNewswire/ -- Cono Italiano, Inc. (OTC.BB: CNOZ), the license holder for the North American Distribution and Manufacturing rights for "Pizza Cono," a one-of-a-kind, drip-free, cone shaped pizza made from proprietary dough, is pleased to announce today they have entered into an agreement to purchase the necessary manufacturing equipment for their expansion of the frozen food product line to be launched in 2011.
Cono Italiano, Inc. is pleased to announce the much anticipated purchase of the manufacturing equipment for their frozen food line to be sold in 2011. "We are pleased to have been afforded this opportunity to achieve the goals of the company and expand on our business; we anticipate our line of unique frozen food will complement our existing product 'Pizza Cono' and will bring significant revenues to Cono Italiano, Inc. in 2011," said Mitchell Brown CEO of Cono Italiano, Inc. "Pizza Cono has been well received by the public and we believe our new line of frozen foods will endure the same success."
About Cono Italiano
Cono Italiano, Inc. is the manufacturer for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making it one of the fastest growing categories in supermarkets and convenience stores. For more information please visit www.conoitaliano.com
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
Cono Italiano, Inc.
Mitchell Brown, CEO
SOURCE Cono Italiano, Inc.